French bank Natixis (KN.FR) said Friday that AXA Private Equity has made an offer for some of its private equity activities, valuing the assets at EUR507 million.

Natixis said it has agreed to enter exclusive talks for one month with AXA Private Equity, which belongs to French insurance giant AXA SA (AXA), to thrash out the details of a possible deal.

Natixis was hit hard by the financial crisis and said last August that the private equity unit was no longer considered a core business.

Coller Capital was also recently reported to be interested in buying the assets.

-By Digby Larner, Dow Jones Newswires; +33 1 4017 1748; digby.larner@dowjones.com
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